Reliance Industries' U.S. unit has bought a 21% stake in U.S.-based helium production company Wavetech Helium for $12 million, the conglomerate said on Thursday, in a move aimed at expanding its low-carbon energy segment.

Reliance Industries Ltd acquires a 21% stake in US-based Wavetech Helium Inc for $12 million, marking a strategic move in helium exploration. This acquisition aligns with Reliance's strategy to expand its low carbon solutions business.

WHI is a US-based helium gas exploration and production company engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs.

Reliance Finance's subsidiary buys 21% stake in Wavetech Helium for $12 million, expanding low carbon exploration business.

Reliance Industries Ltd on Thursday said it has acquired a 21 per cent stake in US helium gas exploration and production company Wavetech Helium Inc for USD 12 million. "Reliance Finance and Investments USA LLC,

The acquisition, according to industry sources, is seen as RIL's attempt to gain further understanding and explore potential in the helium-related segment

Stock Purchase Agreement with Wavetech Helium, Inc. (WHI) and subscribed to a 21% stake of WHI for an aggregat